FrontView REIT (NYSE:FVR) Receives Underperform Rating from Bank of America

FrontView REIT (NYSE:FVR - Get Free Report)'s stock had its "underperform" rating reaffirmed by stock analysts at Bank of America in a report released on Tuesday,Benzinga reports. They currently have a $11.00 price target on the stock, down from their previous price target of $15.00. Bank of America's price target indicates a potential downside of 5.13% from the company's current price.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company reduced their price target on FrontView REIT from $19.00 to $17.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. downgraded FrontView REIT from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $14.00 to $12.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, FrontView REIT currently has an average rating of "Hold" and a consensus price target of $16.80.

FrontView REIT Trading Down 0.0%

Shares of NYSE FVR traded down $0.01 during midday trading on Tuesday, hitting $11.60. The company's stock had a trading volume of 507,277 shares, compared to its average volume of 255,284. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a fifty day moving average price of $11.83 and a 200 day moving average price of $14.80. FrontView REIT has a one year low of $10.61 and a one year high of $19.76.

FrontView REIT (NYSE:FVR - Get Free Report) last issued its earnings results on Wednesday, March 19th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). The business had revenue of $15.51 million for the quarter, compared to analyst estimates of $15.45 million. On average, equities analysts expect that FrontView REIT will post 1.22 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Randall Starr acquired 3,716 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The shares were bought at an average cost of $13.34 per share, for a total transaction of $49,571.44. Following the completion of the transaction, the chief executive officer now owns 3,716 shares in the company, valued at approximately $49,571.44. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FrontView REIT

Institutional investors have recently made changes to their positions in the stock. Summit Investment Advisors Inc. purchased a new position in FrontView REIT in the fourth quarter worth $27,000. Bank of New York Mellon Corp lifted its stake in FrontView REIT by 5.5% during the first quarter. Bank of New York Mellon Corp now owns 32,804 shares of the company's stock worth $420,000 after purchasing an additional 1,724 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of FrontView REIT in the 4th quarter worth about $34,000. FNY Investment Advisers LLC bought a new position in shares of FrontView REIT during the 1st quarter valued at about $25,000. Finally, Quantbot Technologies LP raised its holdings in shares of FrontView REIT by 37.9% during the 1st quarter. Quantbot Technologies LP now owns 8,674 shares of the company's stock valued at $111,000 after buying an additional 2,384 shares in the last quarter.

About FrontView REIT

FrontView REIT specializes in real estate investing.